Daily Debrief: What Happened Today

Stories you might have missed

More workers take wage cuts in July, dragged down by construction sector

NEARLY 23,000 workers were affected by plans to slash business costs in July, led by a spike in the construction sector, according to Ministry of Manpower data out on Thursday.

Nearly 5,500 openings at Singapore startups under SGUnited Jobs and Skills scheme so far

MID-CAREER workers in Professional Conversion Programmes made up half of the 330 new workers taken in by startups under the SGUnited Jobs and Skills Package from April to June.

SGX signs new index partner FTSE Russell

SINGAPORE Exchange and global index provider FTSE Russell signed an agreement on Thursday to deliver new Asian multi-asset solutions.

Singapore Airlines has spent half of the S$8.8 billion raised in rights issue

SINGAPORE Airlines has used S$4.4 billion, or half, of the S$8.8 billion that it has raised during the rights issue in June, it said in an update.

Five former remisiers in Singapore charged for false trading

FIVE former remisiers from various brokerages were charged in the State Courts on Thursday morning for false trading.

Archer Daniels Midland to cut stake in Wilmar, sell shares for US$500m

GRAIN trader Archer Daniels Midland said on Wednesday it plans to sell shares and bonds in Singapore-based Wilmar International with a combined value of US$800 million.

Singtel to be hit 'especially hard' in Q1 2021 by pandemic-related curbs, economic decline: S&P

STANDARD & Poor's Global Ratings expects pandemic-related movement restrictions and economic deterioration to hit Singtel's performance "especially hard" in the first quarter of fiscal 2021.

GuocoLand to develop second condo, third retail cluster at Guoco Midtown mega project

GUOCOLAND is expanding its multi-billion-dollar integrated development on Beach Road, Guoco Midtown, to include a second luxury residential project named Midtown Modern.

The STI today

STI falls for 4th straight session, following concerns over recovery of US economy

SINGAPORE stocks slid for the fourth day in a row, tracking the fall in world equities as US Federal Reserve officials expressed caution over the country's economic outlook.